DSIC delivered a 325,000dwt VLOC to SK Shipping on 20 April. The delivery was the first since the group restarted shipbuilding activities. (Picture courtesy of DSIC)
Dalian Shipbuilding Industry Company (DSIC) announced that SK Shipping’s
325,000 dwt very large ore carrier K.Iron Mountain has left the shipyard to begin sea trials. The bulker represents the first delivery since the resumption of work at the shipyard in February.
The K.Iron Mountain is the first of a pair of dual-fuel ready VLOCs ordered by SK Shipping in 2018. The shipyard notes that the vessels will be among the most environmentally efficient VLOCs.
The 325,000dwt vessel is 340 metres long, and has a beam of 62.0m and a depth of 29.5m. The vessel’s design has been adapted to ease future conversion to LNG-fuelled operation. The vessel has been fitted with an exhaust gas cleaning system, and features a modern low-speed engine.
The vessel will be classified by Korean Register and Lloyd’s Register. The vessel is expected to be chartered to Brazilian miner Vale under a long term charter of affreightment to carry iron ore to steelmaking customers in East Asia.
The delivery of the VLOC coincides with a downturn in international iron ore trade volumes. On 20 April, Vale announced that it was lowering its forecast for iron ore volumes for 2020 from 340-355 million tonnes to 310-330 million tonnes, citing production difficulties as well as the impact of the coronavirus on demand.